South Beach FL Real Estate Statistics for April 2008

By
Real Estate Agent with www.HomesForVIPs.com - Keller Williams Realty

80 homes and condos sold in South Beach in April with sales prices that were 89% of asking price. The average sales price was $895,000, and the median price was $414,000 stayed on the market for 145 days. Obviously, several sales in the higher price ranges have brought the average price up since the median price is much lower.

There are currently over 2,250 condos and homes for sale in the South Beach area. Inventory levels are actually down slightly over the past few months. Overall, the inventory in South Beach has been level for the past year. Sales and pending sales have steadily increased since December 2007, which was the worst month in several years here. Miami Beach had similar numbers.

While sales have increased some over the past few months, the number of pending sales (deals in contract now) has made a SIGNIFICANT increase up 137% to 109 PENDING sales from 37 pending residential sales in December 2007. This is a major indicator of increased buyer interest. In other words, the buyers are starting to wake up and are doing deals now.

For more detailed information on real estate in South Beach, Miami Beach and other nearby areas, please contact Michael Sahlman at 786.553.0697 or email Michael at Michael@HomesForVIPs.com. See my website at www.HomesForVIPs.com. Call 1-800-639-3520 Ext. 9149 for Free Reports on South Beach (our 24-hour recorded info line). 

Michael and Cristina specialize in waterfront residential property, bulk sales, hotels and distressed property throughout Miami, Miami Beach and South Florida. Michael is a Certified Distressed Property Expert. For more information about them, see their website page titled About Us.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Location:
Florida Miami-Dade County Miami Beach South Beach
Tags:
miami beach
south beach
miami real estate
real estate
south beach real estate
florida
south beach market statistics
miami beach blogs

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
325,965
Mott Marvin Kornicki
Waterway Realtors® • South East Florida • Real Estate Brokers - Miami Beach, FL
Waterway Realtors, Notary Public 786-229-7999

Very interesting statistics! It seems that Miami Beach and South Beach are exempt from the typical market conditions in most of The United States. Miami always was and always will be a destination for vacationers and those doing business in South America.

May 25, 2008 05:57 AM #1
Rainer
17,206
Kelly Winch
Cascades Sotheby's International Realty - Sunriver, OR
Broker, CDPE

Thanks for sharing the stats -- it's always interesting to see what is happening in other places 

May 25, 2008 06:15 AM #2
Rainmaker
526,843
Alex Charfen
Charfen Institute - Austin, TX

Great post Michael, welcome to Active Rain.  I look foward to your future blogs.

Alex

May 25, 2008 08:40 AM #3
Rainmaker
110,308
Howard Goff
Keller Williams Realty - Vancouver, WA

Active rain is about participation through posts and comments.  For your first two weeks, try to post a blog entry a day and find four comments a day you can leave meaningful comments on.

You will learn lots.

Welcome!

May 25, 2008 08:56 AM #4
Rainer
61,439
Dorene Shirley
The Mortgage & Property Connection - Campbell, CA
Silicon Valley Real Estate

Welcome to the Rain, make sure that you browse the site and become familiar with everything this site has to offer.  The more you browse the more you will learn.  I have found this site to be really helpful to me.  If you have any questions, please don't hesitate to email me, I will do whatever I can to help.

http://www.Doreneshirley.com

May 25, 2008 10:49 AM #5
Rainmaker
559,378
Keith Elliott Jr
KEIRE Realty Group - Manassas, VA
Principal Broker/Owner

Hello Michael,

Welcome to Active Rain and congrats on your first post! The opportunities to learn and network are incredible here. Best of luck to ya!

-Keith

May 25, 2008 03:24 PM #6
Rainmaker
114,574
Peg Gilliland
Charlottesville Solutions - Charlottesville, VA
Broker, GRI, CDPE

I see that you are new to Active Rain and I just wanted to welcome you. I hope that you enjoy it as much as I do and that you find it a great resource.

May 26, 2008 12:44 AM #7
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
95,714

Michael Sahlman

e-PRO - Miami Beach Florida Luxury Homes
Ask me a question
*
*
*
*
Spam prevention

Additional Information